GOODWILL AND OTHER INTANGIBLE ASSETS (Notes)

6 Months Ended

Apr. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents goodwill balances and the movements for each of our reportable segments during the six months ended April 30, 2025:


	Life Sciences and Diagnostics Markets		Agilent CrossLab		Applied Markets		Total
	(in millions)
Goodwill as of October 31, 2024	$	3,000	$	1,168	$	309	$	4,477
Foreign currency translation impact	4		(1)		(1)		2
Goodwill arising from acquisitions and adjustments	(5)		—		—		(5)
Goodwill as of April 30, 2025	$	2,999	$	1,167	$	308	$	4,474

In the first quarter of fiscal year 2025, we reorganized our operating segments; see Note 17, "Segment Information" for more information about our segment reorganization. As a result, we used the relative fair value allocation approach to reassign $1.274 billion of goodwill from our Applied Markets segment (formerly Life Sciences and Applied Markets segment) to our Agilent CrossLab and Life Sciences and Diagnostics Markets segments (formerly Diagnostics and Genomics segment). Of the $1.274 billion goodwill reallocated, $365 million was reassigned to our Life Sciences and Diagnostics Markets segment and $909 million was reassigned to our Agilent CrossLab segment. Goodwill balances as of October 31, 2024 have been recast to conform to this new presentation. As a result of the reorganization, our reporting units are: Life Sciences and Diagnostics Markets, Agilent CrossLab and Applied Markets. In addition, we performed a quantitative goodwill impairment test, and the results of the analysis indicated that the fair values for all three of our reporting units were in excess of their carrying values by substantial amounts; therefore, no impairment was indicated.

The component parts of other intangible assets as of October 31, 2024 and April 30, 2025 are shown in the table below:


	Other Intangible Assets
	Gross Carrying Amount		Accumulated Amortization		Net Book Value
	(in millions)
As of October 31, 2024
Purchased technology	$	1,484	$	1,169	$	315
Trademark/Tradename	199		174		25
Customer relationships	291		107		184
Backlog	9		—		9
Third-party technology and licenses	33		19		14


Total intangible assets	$	2,016	$	1,469	$	547
As of April 30, 2025
Purchased technology	$	1,483	$	1,204	$	279
Trademark/Tradename	199		178		21
Customer relationships	294		120		174
Backlog	9		1		8
Third-party technology and licenses	34		21		13


Total intangible assets	$	2,019	$	1,524	$	495

During the six months ended April 30, 2025, we recorded measurement period adjustments to decrease goodwill by $5 million primarily to reduce other liabilities and to increase other intangible assets by $2 million related to our acquisition of BIOVECTRA. During the six months ended April 30, 2025, other intangible assets in total increased $1 million due to the impact of foreign currency.

In general, for U.S. federal tax purposes, goodwill from asset purchases is amortizable; however, any goodwill created as part of a stock acquisition is not deductible.

Each quarter we review the events and circumstances to determine if impairment of indefinite-lived intangible assets and goodwill is indicated. During the three and six months ended April 30, 2025, we did not identify any triggering events or circumstances which would indicate an impairment of goodwill or indefinite-lived intangible assets.

During the three months ended April 30, 2024, we did not identify any triggering events or circumstances which would indicate an impairment of indefinite-lived intangible assets. During the six months ended April 30, 2024, we recorded an impairment of in-process research and development of $6 million in research and development in the condensed consolidated statement of operations related to a project in our Applied Markets segment. During the three and six months ended April 30, 2024 we did not identify any triggering events or circumstances which would indicate an impairment of goodwill.

For the three and six months ended April 30, 2025, amortization expense of intangible assets was $27 million and $55 million, respectively. For the three and six months ended April 30, 2024, amortization expense of intangible assets was $27 million and $53 million, respectively.

Future amortization expense related to existing finite-lived purchased intangible assets for the remainder of fiscal year 2025 and for each of the next five fiscal years and thereafter is estimated below:


Estimated future amortization expense:
(in millions)
Remainder of 2025	$	49
2026	$	75
2027	$	72
2028	$	65
2029	$	61
2030	$	52
Thereafter	$	121

AGILENT TECHNOLOGIES, INC. 10-Q